The U.S. Chamber of Commerce is urging the new congressional deficit-reduction committee to overhaul the tax code without taking a position on the central issue of whether higher taxes should be part of the proposal.
The largest U.S. trucking association is vowing to reconsider its support for Republicans after last week’s debt-limit standoff in Washington, escalating a feud between industry groups and the small-government Tea Party movement.
The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.
President Barack Obama said he could accept a temporary reprieve from the partial government shutdown and threat of a U.S. default while he negotiates with Republican leaders over fiscal and health policy.